We understand that the most commonly accepted practice for residential real estate developers is to establish neighborhoods in suburban areas where it’s typical to find the most desirable schools.
The problem with this approach is the antiquated system with which we fund our schools. Acknowledging the co-dependency that exists between the impact that strong real estate values have on schools as well as the impact the education system has on real estate values is key to developing within the inner-city. Similar dynamics exist when considering new commercial development in a previously stagnant area. While it doesn’t share the same level of relationship with schools, we use traffic count and other similar metrics to gain insight about the viability of a potential retailer or service provider. Rather than seeking an environment where these conditions already exist, we wish to explore ways to create them through strategic partnerships with community leaders, educators, and other developers.